A number of factors such as booming demand for high bandwidth, escalating need for effective cable management, and rising adoption of internet of things (IoT) technology and devices will drive the structured cabling market at a CAGR of 3.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $7.4 billion in 2019 and it is projected to reach $9.6 billion by 2030.

Nowadays, the surging adoption of structured cabling in enterprises has become a prominent market trend. One of the primary catalysts for the market growth is the burgeoning demand for high bandwidth, owing to the growing penetration of internet. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations.

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Enterprises around the world are modifying their information technology (IT) infrastructure to accommodate the extensive use of bandwidth-intensive applications, such as digital audio and video, voice over internet protocol (VoIP), and IP-based videoconferencing. Another growth driver for the structured cabling market is the escalating demand for effective cable management in the IT and telecom industry.

A structured cabling system enables smooth cabling management, as it can be managed without the requirement for a large workforce. This system saves cost and time of government agencies and data centers, as it is a more organized and standardized approach in comparison to patch cords. Moreover, the deployment of structured cabling systems also helps telecom companies in providing hassle-free IT infrastructure to their customers.